You'll analyze data, run advanced catastrophe models, and present clear insights to brokers ... clients, and reinsurers. You'll collaborate with broking teams to create tailored solutions for ...
You'll analyze data, run advanced catastrophe models, and present clear insights to brokers ... clients, and reinsurers. You'll collaborate with broking teams to create tailored solutions for ...
Catastrophe modeling experience is a plus but not required. Success in this role requires strong collaboration, comfort operating in an innovation-driven environment, and the ability to deliver ...
Catastrophe modeling experience is a plus but not required. Success in this role requires strong collaboration, comfort operating in an innovation-driven environment, and the ability to deliver ...
Associate Director
$175K/yr
Execute upon all aspects of catastrophe modeling, including data preparation and validation, portfolio analysis and postprocessing, reporting of results, data visualization and mapping. * Be ...
Associate Director
$175K/yr
Execute upon all aspects of catastrophe modeling, including data preparation and validation, portfolio analysis and postprocessing, reporting of results, data visualization and mapping. * Be ...
$85K - $110K/yr
We provide the situational awareness first responders need when a moment brings catastrophe. We do ... Knowledge of RF coverage predictions, traffic/capacity modeling, and related toolsets is an asset ...
$85K - $110K/yr
We provide the situational awareness first responders need when a moment brings catastrophe. We do ... Knowledge of RF coverage predictions, traffic/capacity modeling, and related toolsets is an asset ...
Catastrophe Modeling information
See Minnesota salary details
$21.66 - $26.50
6% of jobs
$30.34 is the 25th percentile. Wages below this are outliers.
$26.50 - $31.33
23% of jobs
The median wage is $34.04 / hr.
$31.33 - $36.17
36% of jobs
$39.33 is the 75th percentile. Wages above this are outliers.
$36.17 - $41.01
14% of jobs
$41.01 - $45.85
5% of jobs
$45.85 - $50.68
4% of jobs
$50.68 - $55.52
4% of jobs
$55.52 - $60.36
2% of jobs
$60.36 - $65.19
1% of jobs
$65.19 - $70.03
0% of jobs
$70.03 - $74.87
3% of jobs
$21
$39
$74
How much do catastrophe modeling jobs pay per hour?
As of Jul 26, 2026, the average hourly pay for catastrophe modeling in Minnesota is $39.50, according to ZipRecruiter salary data. Most workers in this role earn between $30.62 and $42.60 per hour, depending on experience, location, and employer.
What are some common challenges faced by professionals in catastrophe modeling, and how can they be addressed?
Professionals in catastrophe modeling often encounter challenges such as managing large and complex datasets, staying current with emerging risks (like climate change), and communicating technical findings to non-technical stakeholders. Addressing these requires strong analytical skills, ongoing professional development, and effective collaboration with underwriters, actuaries, and risk managers. Building expertise in specialized software and maintaining open communication channels with other teams can help overcome these obstacles and contribute to successful risk assessments.
What is catastrophe modeling?
Catastrophe modeling is the process of using computer models to estimate the potential losses that could result from natural or man-made disasters, such as hurricanes, earthquakes, floods, or terrorist attacks. These models analyze historical data, scientific research, and current exposure information to predict the likelihood and potential severity of catastrophic events. Insurers, reinsurers, and other organizations use catastrophe modeling to assess risk, price insurance policies, and prepare for possible large-scale losses.
How much do catastrophe modelers make?
Catastrophe modelers typically earn between $70,000 and $130,000 annually, depending on experience, location, and industry sector. Senior professionals with specialized skills in risk analysis and modeling tools like RMS or AIR can earn higher salaries, often exceeding $150,000.
How to Get a Job in Catastrophe Modeling
The qualifications you need to obtain a job in catastrophe modeling include a bachelor’s degree in a science field related to catastrophes, such as geology, meteorology, or environmental science. Insurance-specific degrees, such as actuarial sciences, are also acceptable. Advanced degrees in actuarial science, math, or another catastrophe-related field may help you stand out in the job market. Practice using industry software to run data analysis to become proficient with the application. Some start their careers in entry-level positions in the insurance industry to learn about risk evaluation before moving into catastrophe modeling.
How to get into catastrophe modelling?
To enter catastrophe modeling, candidates typically need a background in fields like actuarial science, engineering, or mathematics, along with strong analytical and programming skills in tools such as Python or R. Gaining experience through internships, certifications like the Associate in Catastrophe Risk Management (ARM), and understanding insurance and risk assessment principles can improve job prospects in this specialized field.
What is the difference between Catastrophe Modeling vs Actuary?
| Aspect | Catastrophe Modeling | Actuary |
|---|---|---|
| Required Credentials | Typically requires degrees in risk management, insurance, or related fields; certifications like CPCU or ARM are common | Requires a degree in mathematics, statistics, or actuarial science; professional actuarial certifications (e.g., ASA, FSA) are essential |
| Work Environment | Primarily in insurance, reinsurance, or risk management firms; involves data analysis and modeling | In insurance companies, consulting firms, or government agencies; involves data analysis, financial modeling, and risk assessment |
| Industry Usage | Used to assess and quantify natural disaster risks for insurance underwriting and risk management | Used to evaluate financial risks, reserve calculations, and pricing in insurance and pension industries |
While both roles involve risk analysis and data modeling, catastrophe modeling focuses specifically on natural disaster risks, whereas actuaries assess a broader range of financial risks. Both careers require strong quantitative skills and work within the insurance industry, but their specific applications and certifications differ.
What are the key skills and qualifications needed to thrive as a Catastrophe Modeler, and why are they important?
To thrive as a Catastrophe Modeler, you need a strong background in mathematics, statistics, and data analysis, typically supported by a degree in engineering, actuarial science, or a related field. Proficiency in modeling software (such as RMS or AIR), programming languages (like Python or R), and familiarity with GIS systems are commonly required. Critical thinking, attention to detail, and effective communication are valuable soft skills for interpreting data and conveying risk insights to stakeholders. These skills and qualifications are crucial for producing accurate risk assessments that inform insurance, reinsurance, and disaster preparedness strategies.
What does a catastrophe modeler do?
A catastrophe modeler analyzes data to predict the potential impact of natural disasters such as hurricanes, earthquakes, or floods. They develop and run complex models using specialized software to help insurance companies and risk managers assess and prepare for catastrophic events.
How much does cat modelling pay?
Salaries for catastrophe modeling professionals typically range from $70,000 to $130,000 annually, depending on experience, education, and location. Entry-level roles may start lower, while experienced analysts or managers can earn higher salaries, especially with specialized skills in risk assessment and modeling tools.
More about Catastrophe Modeling jobs
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What job categories do people searching Catastrophe Modeling jobs in Minnesota look for? The top searched job categories for Catastrophe Modeling jobs in Minnesota are:
What cities in Minnesota are hiring for Catastrophe Modeling jobs? Cities in Minnesota with the most Catastrophe Modeling job openings:
Arthur J. Gallagher & Co. rating
7.7
Based on 92 frontline employees who took The Breakroom Quiz
197th of 298 rated insurance
Job description
Introduction
Overview
How you'll make an impact
About You
Compensation and benefits
At Gallagher Re, we bring clarity to complexity by helping clients around the world make confident, data-driven decisions in a rapidly evolving risk landscape. Here, you’ll be part of a team that leverages world-class analytics and deep reinsurance expertise to deliver strategic advisory services and transactional excellence. Together, we transform advanced insights and market intelligence into strategies that protect businesses, drive performance, and shape the future of reinsurance. We’re a community of decision makers, future shapers, and trusted experts working side by side to deliver meaningful impact through innovative thinking and practical solutions. At Gallagher Re, your curiosity is welcomed, your growth is championed, and your work truly matters. This is a place where you'll have the freedom to explore new ideas, take ownership of your career, and collaborate with people who are as driven and inquisitive as you are.
Overview
We are looking for a VP or SVP (depending on level) in Catastrophe Analytics to join our reinsurance analytics team. In this senior role, you’ll work closely with brokers and clients to deliver insights and solutions that help manage catastrophe risks. You’ll lead projects through the entire modeling cycle, from data auditing to multi-model analysis and portfolio management.
How you'll make an impact
You’ll be at the forefront of helping clients understand and mitigate their exposure to catastrophic events. You’ll analyze data, run advanced catastrophe models, and present clear insights to brokers, clients, and reinsurers.
You’ll collaborate with broking teams to create tailored solutions for clients and prospects. You’ll also mentor and guide junior team members, sharing your expertise and fostering their growth.
About You
Here’s what you’ll bring to the role:
- Hands-on experience with RMS and Verisk software.
- A deep understanding of risk assessment and catastrophe modeling.
- The ability to analyze and explain complex data in simple terms.
- A degree or equivalent experience, with at least seven years in a relevant field.
- A collaborative mindset and a passion for solving complex problems.
#LI-BD1
Compensation and benefits
At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page.
- Competitive compensation
- Comprehensive benefits programs designed to support your well-being
- Career development opportunities and ongoing learning
- A collaborative, people-first culture with accessible leadership
- The opportunity to do meaningful work with global reach and local impact
At Gallagher, we are dedicated to building an inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to join our Talent Community to stay connected to additional career opportunities. At times, we will consider transferable skills from previous roles.
Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)
Qualifications:Here’s what you’ll bring to the role:
- Hands-on experience with RMS and Verisk software.
- A deep understanding of risk assessment and catastrophe modeling.
- The ability to analyze and explain complex data in simple terms.
- A degree or equivalent experience, with at least seven years in a relevant field.
- A collaborative mindset and a passion for solving complex problems.
#LI-BD1
Education:UNAVAILABLEEmployment Type: FULL_TIMEWhat Arthur J. Gallagher & Co. employees say
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About Arthur J. Gallagher
Sourced by ZipRecruiter
Industry
Insurance services
Company size
10,000+ Employees
Headquarters location
Rolling Meadows, IL, US
Year founded
1927